Bank of Japan policymakers remained divided on how quickly to ramp up stimulus t...
FILE PHOTO: A sign board of Bank of Japan is displayed at the headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato/File Photo
While most in the nine-member board saw no immediate need to expand an already massive stimulus program, several warned of heightening risks to Japan’s recovery that could warrant additional monetary easing, the minutes showed on Wednesday. Another said the BOJ should be “prepared” to ease if risks to the economy and prices materialize, the minutes showed.
Those reluctant to ease any time soon also pointed to the rising costs of prolonged easing, such as the hit to financial institutions’ earnings from years of ultra-low interest rates.
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